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Civil Contract - laying of posts and drawing wires
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....ivil Contract - laying of posts and drawing wires<br> Query (Issue) Started By: - B Tayub Dated:- 9-8-2009 Last Reply Date:- 20-8-2009 Income Tax<br>Got 3 Replies<br>Income Tax<br>Whether laying of po....
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....sts and drawing wires for contracts under BSNL comes can be termed as 'Civil Contract' and taxed under 44AD of I.T. Act 1961? Reply By Rama Krishana: The Reply: A bare reading of the clause (b) of e....
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....xplanation of the Section 44AD [before amendment by Finance (No.2) Act, 2009], shows that execution of any works contract would be eligible for the benefit of provisions of section 44AD. In view of th....
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....at you need to ascertain the nature of contract with BSNL. IF the nature of contract is works contract, you may apply the provisions of section 44AD. Reply By B Tayub: The Reply: For the reply submit....
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....ted by Mr. Rama Krishna: It is a works contract and there is no doubt about it. My question is whether this is CIVIL contract or not. We are of the opinion that it is not CIVIL construction and we wan....
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....t to be out of 44AD. Reply By Ravi Chopra: The Reply: I think the scope of civil contract is wide enough to cover the works contract for the purpose of section 44AD. I agree with the view that you ar....
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....e eligible for benefit of section 44AD.<br> Discussion Forum - Knowledge Sharing ....